New Delhi:  Indian micro-blogging platform Koo on Wednesday announced that it will be discontinuing its services after partnership talks fell through. 

"We explored partnerships with multiple larger internet companies, conglomerates and media houses but these talks didn’t yield the outcome we wanted," Koo founders Aprameya Radhakrishna and Mayank Bidawatka wrote in a LinkedIn post.

“Most of them didn’t want to deal with user-generated content and the wild nature of a social media company. A couple of them changed priority almost close to signing," they added.

Despite securing over $60 million in funding from investors like Tiger Global and Accel, Koo encountered substantial hurdles in scaling its user base and revenue generation throughout the past year.

In February, media firm Dailyhunt was reportedly in the advanced stages of talks to acquire Koo.

Further in the post, the founders mentioned that "at our peak, we were about 2.1 million daily active users and around 10 million monthly active users, over 9000 VIPs, that included some of the most eminent personalities from various fields".

"We were just months away from beating Twitter (now X) in India in 2022 and could have doubled down on that short-term goal with capital behind us," they stated.

The founders also mentioned that the mood of the market and the funding winter "got the better of us".

(IANS)